Cobb Manufacturing Company uses a process cost system and average costing. The following production data is for the month of June 2011. Production Costs Work in process, beginning of month: Materials. Labor. Factory overhead. Costs incurred during month: Materials Labor. Factory overhead Total. $3,000 1,500 500 **** $ 5,000 $50,000 30,000 20.000 100.000 S105.000 Production Report In process, beginning of month. Finished and transferred during month. In process, end of month. Stage of completion for materials, labor, and overhead (ending). Stage of completion for materials, labor, and overhead (beginning). Units 1,000 18,000 4,000 One-half One-fourth Directions: Complete the following cost of production summary for Cobb Manufacturing Company. Show computations in spaces provided and round unit costs to three decimal places. Cobb Manufacturing Company Cost of Production Summary For the Month Ended June 30, 2011 Cost of work in process, beginning of month: Materials. Labor. Factory overhead. Cost of production for month: %2. Materials. Labor. tory overhead. Total costs to be accounted for. Unit output for month: Finished during month. Equivalent units of work in process, end of month Total equivalent production.. Unit cost for month: 1.1 Materials Labor Factory overhead e Total. Inventory costs: Cost of goods finished during month Cost of work in process, end of month: Materials ( Labor Factory overhead ( Total production costs accounted for.